Hey trader!
This analysis is based on a bullish result on Cardano. Behind the price is a strong bullish trend which is also indicated with a trend line. It is also seen that this strong trend has created some relevant support levels at 0.3631, & 0.3262. The trend progresses with some peaks followed by pullbacks. This development shows that the price is between a support level (0.3631) and a resistance level (0.3807). This indicates a so-called "calm before the storm", as it is an opportunity for the price to break the resistance level and create a new support. This development will mean that the price can possibly follow the bullish trend up to the target at 0.4544 and create a nice return of as much as 21.13%.
I hope this analysis was instructive and that it can be used for further consideration of Cardano.
This analysis is based on a bullish result on Cardano. Behind the price is a strong bullish trend which is also indicated with a trend line. It is also seen that this strong trend has created some relevant support levels at 0.3631, & 0.3262. The trend progresses with some peaks followed by pullbacks. This development shows that the price is between a support level (0.3631) and a resistance level (0.3807). This indicates a so-called "calm before the storm", as it is an opportunity for the price to break the resistance level and create a new support. This development will mean that the price can possibly follow the bullish trend up to the target at 0.4544 and create a nice return of as much as 21.13%.
I hope this analysis was instructive and that it can be used for further consideration of Cardano.